Boxwood Merger Corp. Unit
BWMCU
BWMCU was delisted on the 12th of February, 2020.
28 hedge funds and large institutions have $112M invested in Boxwood Merger Corp. Unit in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
24% less funds holding
Funds holding: 37 → 28 (-9)
37% less capital invested
Capital invested by funds: $179M → $112M (-$67.1M)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
+$5.99M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$4.99M |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$2.61M |
| 4 |
Walleye Trading
New York
|
+$1.35M |
| 5 |
CI
Cowen Inc
New York
|
+$570K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$24.8M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$19.3M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$12.4M |
| 4 |
HCM
Highbridge Capital Management
New York
|
-$8.45M |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$5.96M |
BWMCU Hedge Fund Activity: Q1 2019 in Review
28 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Boxwood Merger Corp. Unit (BWMCU) for Q1 2019, worth a combined $112M — down 37% from $179M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BWMCU and 6 opened new positions — a net loss of 8 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Marshall Wace, opening a new position worth an estimated $5.99M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $24.8M sold.
- 28 institutional investors held Boxwood Merger Corp. Unit (BWMCU) as of Q1 2019, down from 37 in Q4 2018.
- Funds reported $112M of Boxwood Merger Corp. Unit stock for Q1 2019, down 37% quarter-over-quarter.
- 6 funds opened new Boxwood Merger Corp. Unit positions in Q1 2019 and 14 closed out, a net change of -8 holders.
- The largest Boxwood Merger Corp. Unit buyer in Q1 2019 was Marshall Wace, an estimated $5.99M added.
- The largest Boxwood Merger Corp. Unit seller in Q1 2019 was AQR Arbitrage, an estimated $24.8M sold.
Based on aggregated 13F filings for Q1 2019.